From quarter two to quarter three of 2019, office vacancies have decreased from 6.1% to 5.9%. 1 & 2 star properties continue to plateau at about 4%, while 3 star properties sit at just over 6%, and 4 & 5 star properties trend towards 8%.
Nashville is one of the leading markets in the country as far as absorption rates are concerned. Why? Because of the massive build-to-suit projects we’ve delivered in the past year like the new Bridgestone HQ.